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Charlton Apartment Complex Fetches $2.5M

Jan 3, 2012 | Reprints | Unlock Link | Print

The Juniper Hills Apartments in Charlton, a nine-building complex, has sold for $2.5 million.

Juniper Hills Apartments LLC bought the property from 217 Sturbridge Road LLC. Located directly off of Route 20 and in close proximity to Interstates 90 and 84, Juniper Hills totals 36 two-bedroom units, separated into nine, four-unit buildings.

Carl Christie, executive vice president, and Dan McGee, investment sales/financial analyst, both of NAI Hunneman represented and procured the buyer in the transaction.

The units were updated and the buildings were close to full occupancy at the time of sale, according to a statement.

"We received multiple offers on this property due to its condition, stability, and attractive location." said Christie.

Commercial & Industrial